Hello all,
Let's take a look at the daily chart of ETHUSD. As it can be seen, we are in a consolidation era regarding price action in my green rectangle between 1437 and 1118 $.
What makes me place some long bids on ETH is closing a weekly candle above this area and reaching the second level of the drawn Fib. channel. I expect this to happen between mid-FEB till mid-MARCH if the price rises with the green channel slope.
We can see nice rises in volume which can show HH for price. Also, HL can be seen in RSI which is a fact for seeing higher prices in the future.
I expect we have a little more range price action for now until the 50 MA of the OBV reaches its' line. Then we can expect some sharp moves toward 2000 dollars and more!
Wish you the best my fellow trades,
CryptoZhozei Here,
Let's take a look at the daily chart of ETHUSD. As it can be seen, we are in a consolidation era regarding price action in my green rectangle between 1437 and 1118 $.
What makes me place some long bids on ETH is closing a weekly candle above this area and reaching the second level of the drawn Fib. channel. I expect this to happen between mid-FEB till mid-MARCH if the price rises with the green channel slope.
We can see nice rises in volume which can show HH for price. Also, HL can be seen in RSI which is a fact for seeing higher prices in the future.
I expect we have a little more range price action for now until the 50 MA of the OBV reaches its' line. Then we can expect some sharp moves toward 2000 dollars and more!
Wish you the best my fellow trades,
CryptoZhozei Here,
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.